Smart Airport market share research by applications and regions for 2018-2024

1
Smart Airport market share research by
applications and regions for 2018-2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Smart Airport Market

• In the smart airport market, the non-aeronautical
  operations segment is expected to witness a rapid
  growth over the forecast timeline. The growth is
  attributed to high investments in the
  digitization of airfield ecosystem. This segment
  is the maximum revenue generator at these places
  and aids in enhancing the customer experience by
  providing personalized services.
• Global Smart Airport Market size is driven by the
  growth in the tourism industry coupled with the
  increased air travels by passengers all over the
  world for faster transportation and travel
  benefits. They are fortified to handle large
  passenger volume along with offering ease and
  comfort to the travelers. These airports
  incorporate varied intelligent technologies such
  as convenient baggage solutions, managing
  customer traffic, and systems integrating
  smartphones for better customer traveling
  experience. Increasing demand for quick check-ins
  and easy boarding facilities provided by these
  airfields by saving passengers time money is
  fueling the smart airport market growth.

3
Continue

• Growing need for using renewable energy sources
  at such huge infrastructures is a driving factor
  for the industry. The power consumption in
  airfields requires a huge amount of electricity,
  which increases the carbon footprint and
  atmospheric pollution. The implementation of
  intelligent technologies allows using renewable
  energy sources to reduce pollution and achieve
  sustainable goals. The growing awareness of
  government for developing intelligent air depots
  and evolving regulatory mandates in several
  countries over the world is driving the smart
  airport market growth.
• Factors such as huge investments required for the
  construction of these airfields coupled with the
  difficulty in understanding customer preferences
  are expected to hinder the smart airport market
  growth. Conventional airports in several
  countries require technological upgrades major
  challenges for the government authorities are the
  management issues involved in this process along
  with carrying out the current operations.
  Challenges in the smart airport market include
  the development of environmental-friendly
  solutions for increasing the passenger traffic
  management, baggage management, and providing
  cost-effective services to travelers. In
  addition, frequent failures in the smart systems
  are hindering the industry demand and the repair
  maintenance require a lot of time, resources,
  and professionals thereby hindering the
  operations.

4

Browse Full Research Report On Smart Airport
Market _at_ https//bit.ly/2OyJNAg Request
for an in-depth table of contents for this report
_at_ https//bit.ly/2xdSEAo gminsights.com/request-t
oc/upcoming/1797
5
Continue

• The incorporation of AI into the enquiry systems
  for providing automated answers to questions
  asked by passengers reduces the human agent
  involvement. AI aids several operational areas of
  airfields such as predictive aircraft
  maintenance, real-time pricing, and efficiency of
  airlines. For instance, the Beijing International
  Airport is making use of Alibaba Groups
  AI-enabled Aviation Brain to ease congestion.
  The IoT technology is another trend driving the
  smart airport market growth. The security of
  passengers in the airfields and the increased
  threat of terrorist attacks will fuel the smart
  airport market growth. The integration of
  intelligent technologies provides efficient
  management of the security systems by updating
  the officers with current situations.
• The cargo and baggage handling segment in the
  smart airport market is expected to witness
  growth over the forecast timeline. The growth can
  be attributed to the increasing customer demand
  for ease in carrying and receiving the baggage,
  self-scanning and security check, and direct
  transfer to the final segment. This process
  reduces the customer time and efforts as compared
  to the traditional systems. In the smart airport
  market, the security system segment is rapidly
  growing. It can be credited to the rising need
  for efficient security due to the high risk of
  terrorist attacks and smuggling of illegal
  products.

6
Continue

• Asia Pacific smart airport market is anticipated
  to witness a substantial growth over the forecast
  timespan. The growth in the emerging economies in
  the region including China, India, Singapore,
  etc., is increasing due to high government
  investments in infrastructure transformation and
  providing world-class services and facilities to
  passengers. The increased popularity of the
  tourism industry in India and the emergence of
  industrialization are encouraging the consumption
  of air travel facilities. The growth in the
  disposable income of individuals and their
  willingness to spend more on leisure provided in
  air travel are further fueling the smart airport
  market demand.
• Key players operating in the smart airport market
  include Rockwell Collins, Honeywell International
  Inc., Siemens AG, IBM Corporation, SITA,
  T-Systems International GmbH, Cisco Systems, and
  Amadeus IT Group SA. Several companies have
  adopted strategies such as new product
  development innovations, mergers, and
  acquisitions in the smart airport market. For
  instance, Huawei has partnered with Dubai Airport
  to build worlds first Tier 3 modular data center
  that will provide a stable and reliable
  environment for the airports to host its private
  cloud.

7
Methodology

• Market
  research reports Key analytical components

8
Stay In Touch Website www.gminsights.com Soci
al Media